Replication data for: Deregulation, Consolidation, and Efficiency: Evidence from US Nuclear Power

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Data_Library_for_Davis_and_Wolfram_2012_AEJApp_2012_0052			10/12/2019 04:07:PM
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Project Citation:

Davis, Lucas W., and Wolfram, Catherine. Replication data for: Deregulation, Consolidation, and Efficiency: Evidence from US Nuclear Power. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113834V1

Project Description

Summary: Beginning in the late 1990s, electricity markets in many US states were deregulated, and almost half of the nation's 103 nuclear power reactors were sold to independent power producers. Deregulation has been accompanied by substantial market consolidation, and today the three largest companies control one-third of US nuclear capacity. We find that deregulation and consolidation are associated with a 10 percent increase in operating performance, achieved primarily by reducing the duration of reactor outages. At average wholesale prices, this increased operating performance is worth $2.5 billion annually and implies an annual decrease of 35 million tons of carbon dioxide emissions. (JEL L11, L51, L94, L98, Q42, Q48)

Scope of Project

JEL Classification:
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms
      L51 Economics of Regulation
      L94 Electric Utilities
      L98 Industry Studies: Utilities and Transportation: Government Policy
      Q42 Alternative Energy Sources
      Q48 Energy: Government Policy

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V1 [2019-10-12]

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